Dominion Resources Inc., Pittsburgh, is undertaking an asset-liability study of its $3 billion defined benefit plan to assess its long-term investment strategy, said Donald Borneman, assistant treasurer. The plan reviews its strategy every few years, he said. The study is being conducted by Watson Wyatt. Mr. Borneman would not provide further details.
In the last year, the plan has built a $213 million hedge fund program, consisting primarily of market neutral funds.